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Report Date : |
29.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
NETTO APS & CO. KG |
|
|
|
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Registered Office : |
Preetzer Str. 22, D 17153 Stavenhagen |
|
|
|
|
Country : |
|
|
|
|
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Date of Incorporation : |
25.09.2013 |
|
|
|
|
Legal Form : |
Ltd partnership w. foreign priv. ltd.
comp. as General Partner |
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|
|
|
Line of Business : |
Retail sale in non-specialized stores
with food, beverages or tobacco predominating |
|
|
|
|
No of Employees : |
4,574 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC
OVERVIEW
The German economy - the fifth
largest economy in the world in PPP terms and Europe's largest - is a leading
exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, has contributed to strong growth and
falling unemployment. These advances, as well as a government subsidized,
reduced working hour scheme, help explain the relatively modest increase in
unemployment during the 2008-09 recession - the deepest since World War II -
and its decrease to 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. Stimulus and stabilization
efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela
MERKEL's second term increased Germany's total budget deficit - including
federal, state, and municipal - to 4.1% in 2010, but slower spending and higher
tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a
budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the
federal government to structural deficits of no more than 0.35% of GDP per
annum as of 2016 though the target was already reached in 2012. Following the
March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in
May 2011 that eight of the country's 17 nuclear reactors would be shut down
immediately and the remaining plants would close by 2022. Germany hopes to
replace nuclear power with renewable energy. Before the shutdown of the eight
reactors, Germany relied on nuclear power for 23% of its electricity generating
capacity and 46% of its base-load electricity production.
|
Source
: CIA |
Your inquiry: Netto Aps & Co. KG,
Magdeburger Str. 2, D 14641, Wustermark
The subject of your inquiry is a
branch. We are reporting on the headquarters.
NETTO APS & CO. KG
Company Status: active
Preetzer Str. 22
D 17153 Stavenhagen
Telephone: 039954/3600
Telefax: 039954/360199
Homepage: www.netto.de
E-mail: info@netto.de
VAT no.: DE291493807
Tax ID number: 071/160/00819
We cannot give an opinion as to the
granting of a credit in this particular case. Business relations are
permissible.
Legal Form Ltd
partnership w.foreign priv.ltd.comp. as General Partner
Date of foundation: 25.09.2013
Registered on: 25.09.2013
Register of
companies: Local
court 17033 Neubrandenburg
under: HRA
2335
Total cap. contribution: EUR 20,000,000.00
NETTO Supermarkt GmbH
Preetzer Str. 22
D 17153 Stavenhagen
Legal form: Private
limited company
Share capital: EUR 15,340,000.00
Share: EUR 20,000,000.00
Registered on: 18.08.1992
Reg. data: 17033
Neubrandenburg, HRB 2010
Dansk Netto Deutschland
ApS
DK Højbjerg
Legal form: Other legal
form
Margit Kühn
D 16321 Bernau
authorized to jointly
represent the company
born: 10.03.1955
Main industrial sector
4711
Retail sale in non-specialized stores with food,
beverages or tobaccopredominating
Works:
Netto ApS & Co. KG
Magdeburger Str. 2
D 14641
Wustermark
TEL.: 033234/9068477
FAX.: 033234/9068609
Payment experience: Unknown
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Preetzer
Str. 22
D 17153 Stavenhagen
Land register documents were not available.
DEUTSCHE BANK, 18002 ROSTOCK
Sort. code: 13070000
BIC: DEUTDEBRXXX
Financial year: 25.09.
- 31.12.
Employees:
4,574
-
Trainees:
124
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.97 |
|
|
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.